00:01Gus Schmidt back with a new trading video so today I'm back on the pocket
00:09option platform and I'm going to be trading regular currency pairs utilizing
00:17one indicator and that indicator here when we click on the indicator icon it's
00:27known as the fractal chaos bands indicator okay so when we pull up the
00:34indicator here there's a green line and a red line here the green line represents
00:38a dynamic level of resistance while the red line represents a dynamic level of
00:45support okay now if we click on the pencil icon and look at the settings for
00:50the fractal chaos bands the period is set to which is a which is the default
00:57setting so we're gonna keep the default setting okay and for my candlestick
01:05chart I'm gonna be utilizing one minute candles regular Japanese candles and for
01:13my trade timer I've also set it to one minute so I'll be taking 60 second
01:20trades fast turbo trades okay so let me pause the video and look for some
01:26setups okay so I'm on the euro Australian dollar or euro Aussie dollar currency
01:33pair here and I just took a buy trade and the reason why I took the trade is
01:40because this previous green hand okay there's a new candle that just opened up
01:44the previous green candle closed outside the fractal chaos band line here suggesting
01:54that we're gonna see a bullish price movement to the upside so let's monitor this
02:05trade and wait for the expiry okay the price currently looks like it's pushing
02:13upward here and as soon as you ice suspected that the price is gonna close
02:24outside I took the trade you don't have to wait for the actual price to close okay so
02:29we won that trade so you don't have to wait for the price to close if you think
02:32it's gonna close outside the band line before the price actually closes then
02:38take the trade all right so let's pause the video and look for another setup okay
02:45so I'm on the Aussie dollar Japanese yen and similarly to the previous trade I
02:51noticed that this candle pushed outside the lower boundary of the fractal chaos
02:57band here so I went ahead and took the trade right away I didn't wait I'm not
03:02waiting for this price in previous video videos I've said that let's wait for
03:08the price to close but I've changed the the strategy here where you wait you
03:15don't have to wait for the price to close if you believe that the price is
03:20going to close out so okay so you see that the price closed and we have a new
03:25candle forming here so the price did indeed close outside the lower boundary of the
03:31fractal chaos band so I took I went ahead and took the trade okay so let's
03:38monitor this trade okay great so we won that trade also all right so let me pause
03:44the video and look for another setup okay so I'm on Swiss franc on the Swiss franc
03:52Japanese yen and similarly to the previous trade I anticipated okay so the price just
03:58closed here right outside the fractal chaos band the lower boundary of the
04:03fractal chaos band line so I didn't wait for the price to close I actually took the
04:08trade before the price closed as long as I suspected the price would close below the
04:15chaos band line here then I took the trade I took the bear's trade which suggests a
04:21a breakout to the downside here so let's monitor this trade and wait for the expiry
04:46great so we won that trade three for three all right so let me pause the video and look for
04:52the next
04:52setup setup okay so I'm on the great British pound Japanese yen and I just took a sell trade here
05:02uh I'm predicting that the price will close the candle will close outside the uh the lower boundary
05:11of the chaos band line here and okay so yeah the price did actually close below the the chaos band
05:21line
05:22and so I took the trade a put trade or a sell trade I didn't wait for the price to
05:29close I once I suspected
05:32that the price was going to close below the chaos band line I went ahead and took the trade all
05:40right so
05:40let's monitor this trade
05:53okay great so we won that trade uh four for four so I'm gonna close out this trading session here
06:00if you
06:02like the video please give it a a like comment on the video tell me what you think about the
06:09strategy
06:10uh share the video uh if you're interested in trading this strategy I have a link to the
06:19the platform the pocket option platform in the video comments and in my channel description uh so thank you for
06:29watching Gus Schmidt
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